Palantir Will Go Down; Short-Term Sell
📊 Palantir (PLTR) Short Signal Alert
Palantir is approaching a resistance zone (highlighted in the green box) where sellers are likely to take action. This setup looks promising for a short trade.
💡 Key Details:
Short Zone: $80.08 - $83.32
Stop-Loss: Above $83.86
🎯 Targets:
Target 1: $67.72
Target 2: $62.93
🚨 What to Watch:
- Wait for PLTR to hit the resistance area before entering.
- If Target 1 is hit, adjust your stop-loss to your entry point to secure your position.
- Target 2 provides a potential area for taking further profits.
This setup is based on a corrective wave structure, and the potential pullback could create a great short-term trade.
Palantir is approaching a resistance zone (highlighted in the green box) where sellers are likely to take action. This setup looks promising for a short trade.
💡 Key Details:
Short Zone: $80.08 - $83.32
Stop-Loss: Above $83.86
🎯 Targets:
Target 1: $67.72
Target 2: $62.93
🚨 What to Watch:
- Wait for PLTR to hit the resistance area before entering.
- If Target 1 is hit, adjust your stop-loss to your entry point to secure your position.
- Target 2 provides a potential area for taking further profits.
This setup is based on a corrective wave structure, and the potential pullback could create a great short-term trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.